Crypto market daily report – June 26, 2018

The cryptocurrency markets had a good run on Monday afternoon, when most of the major coins were on the rise with several of them registering double-digit increases over the slump of last weekend. BTC was firmly above the $6,200 level after having retraced to the $6,000 mark and then jumped again to $6,300 before going back slightly, but it appeared to be well supported at that level.

Bitcoin Cash (BCH) also recovered well from the general slump and traded at around $745 at press time—an increase of 8%, with a further push to the $800 level not unexpected. News that further exchanges have added trading pairs with BCH are continually making this currency a desirable asset and this will undoubtedly have a positive effect on the price in the medium to long term.

Ethereum was also positive in its movement and settled above the $450 level, an increase of around 8% over the lows of Sunday. As often happens, Ethereum Classic saw a corresponding increase which was much higher than others with an increase of around 15% with the price settling at around $15.70 at press time, having even reached the $16 level at one point on Monday although it retraced back slightly.

Ripple was also up by around 5% to the $0.48 level and looks to be making a charge towards the $0.50 level, whilst EOS also recovered strongly from its disastrous slide to the $7 level and was trading at $8.20 at press time.

The recovery was also seen across almost all cryptocurrencies even the ones with smaller market caps. Stellar Lumens regained the $0.20 level after having dropped as low as $0.17 at one point, whilst NEO began a small climb from its 2018 low of $30 when it was trading at around $32 at press time. Cardano regained the $0.13 level, whilst IOTA was also up over the $1 level. Dash remained relatively stable at around $238, whilst VEChain saw a considerable increase of around 7% to trade at $2.65 at press time. Ontology also registered a good increase of well over 10% to the $5.52 level, whilst Tron stabilized at around the $0.04 level.

Note: Tokens on the Bitcoin Core (SegWit) chain are referenced as BTC coins; tokens on the Bitcoin Cash ABC chain are referenced as BCH, BCH-ABC or BAB coins.

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